Gavin Newsom to Decide After CA Democrats Pass $150,000 Home Loans for Illegal Aliens
Newsom will make the final decision on a bill that would make illegal aliens eligible for $150,000 in home loans for first-time buyers.
The median home price in California is $793,600. Leaving a mortgage of $643,600 after $150,000 downpayment is gifted by taxpayers. Some quick math suggests a monthly mortgage payment of $4,385 not including property taxes, utilities, pmi, etc. Sounds like a lot of monthly cash for a landscape laborer.
Good luck with that. The short bus guy below has it covered.
